Late Fee Was Excessive

February 26, 2019

LVT Number: #29949

Landlord cooperative corporation sued to evict shareholder tenant for nonpayment of maintenance fees. Landlord also included a claim for $150 per month late fees for nonpayment. The court ruled for landlord in part. Tenant owed the maintenance, and landlord received a judgment for the full amount due. But the $150 late fee charged on a $494 maintenance payment due equaled 30 percent of the maintenance fee, and was excessive. Tenant didn't have to pay the disproportionate late fee.